Iran acquires commercial aircraft ahead of U.S. sanctions

There have been several demonstrations in Iranian cities in recent days over economic conditions and public buildings have been damaged.

According to data compiled by the agency, China boosted its purchases of Iranian oil in July, snapping up more than a third of the country's total exports. "The judiciary should find these people and arrest them", the cleric says, to chants of "Allahu Akbar" from the crowd.

"Along with the five ATR planes, we have imported United States made and European-made plane parts", Akhoundi said on August 5, Mehr news agency reported.

Last month, USA officials familiar with the matter said the Trump administration had launched a communications campaign to foment unrest and put pressure on Iran to end its nuclear programme and its support of armed groups.

Interestingly, China has also rejected a USA request to cut imports from its biggest customer, Iran, for the sake of fulfilling US president Donald Trump's objective of achieving a complete halt of outgoing Iranian crude supplies; China's rejection would presumably lessen the chance of a market tightening that many analysts are still anxious about and consequently help keep prices relatively low - which is what Trump was demanding from the Organization of the Petroleum Exporting Countries (OPEC).

On Sunday Iran Air will take delivery of five ATR commercial aircraft from the French-Italian firm, slipping in under the wire before the sanctions return.

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The Iranian nation "has always proved that they will firmly resist any threat to their national interests", the President warned.

Some smaller foreign companies have vowed to get around the U.S. sanctions but large multinational firms such as France's Total and Peugeot, and Germany's Siemens have already announced they'll abide by the sanctions.

The snub could seriously undermine United States efforts to isolate Iran over the country's controversial nuclear programme.

State refiners that had cut imports from Iran in 2017/18 due to a dispute over development rights of a giant gas field, have tied up significantly higher volumes for this fiscal year that began in April, drawn to the discounts offered by Iran.

"In November, when oil sales are affected, we will have a clearer view of the impact on daily lives".

"There is a massive loss of confidence in the financial system and the government's ability to control things and withstand sanctions".

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